Transaction Action: UCR tapped to market proposed retail center in South San Antonio

This special online feature details the real-estate sales, leases, new assignments and other deals that have recently taken place in San Antonio and other parts of Texas. Every week, we will post a new listing of some of the latest real estate news for our readers.

Among the deals readers will find in this week’s transaction log:

• New center: UCR is heading up the leasing for a new shopping center at General McMullen and Castroville Road on San Antonio’s South Side.

• New owner: Marcus & Millichap brokered the sale of the Kingsville Plaza shopping center in the city of Kingsville.

• United Commercial Realty San Antonio (UCR) has been hired to market the leasing of roughly 10,000 square feet of space at a new retail center at the intersection of General McMullen and Castroville Road in South San Antonio. Plans for the center include about 4,000 square feet of restaurant space. Craig Garansuay will head up the assignment.

The center will be located adjacent to the H-E-B-anchored Las Palmas Center. Other area retailers include Family Dollar, Luby’s, Citibank, McDonald’s, Domino’s Pizza and Pilgrim Cleaners.

Sold!

• A Texas-based investor has purchased Kingsville Plaza. The 21,250-square-foot retail center is located at 2730 South Brahma Blvd., in the city of Kingsville. Chad Knibbe, Bethany Babcock, Britt Raymond and Preet Sabharwal, investment specialists in the San Antonio and Manhattan offices of Marcus & Millichap Real Estate Investment Services, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The property features several national tenants, including Cato and The Shoe Department. It was built in 2000.

The shopping center received attention from investors nationwide. The new owner has plans to improve the occupancy of the center, and enhance the owner’s returns.

• TXUE Properties Ltd. has purchased 9,100 square feet of property at 6709 Guada Coma in the city of Schertz from Clarmont Equipment. John Cannon of DH Realty Partners Inc. represented the seller in the transaction.

• A former Walmart consisting of 36,622 square feet in the city of Floresville has a new owner. Brauvin Real Estate represented the seller. Ryan Hoff and David Simmonds of Retail Solutions represented the buyer in the transaction.

Recent leases

• RecoverCare has signed a lease for 11,620 square feet of space at Interwest Business Park. Brian Ritchie of Pointline Inc. represented the tenant.

• Also at Interwest, Family Endeavors renewed its lease for 9,800 square feet, and US Med-Equip renewed its lease for 3,000 square feet. Ritchie represented US Med-Equip in its transaction. Jason Schnittger of Stream Realty Partners represented the landlord, DRA Advisors Inc., on all of the transactions. Interwest is located at 6800 Alamo Downs Parkway.